Question: Assume that Microsoft bonds have just left the printer and have a stated coupon of $100 (a coupon rate of 10%) and a yield-to-maturity of

Assume that Microsoft bonds have just left the printer and have

Assume that Microsoft bonds have just left the printer and have a stated coupon of $100 (a coupon rate of 10%) and a yield-to-maturity of 15%. The bonds mature in three years and the next coupon is due in one year. What is the fair price for the bond today? OA. $956 52 O B. S918.71 O C. $1,000 O D. $832.39 O E. $885.84

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